I can’t think of a better time to have been a startup in India. Maybe the pre dot com bubble days, but even back then – thanks to astronomical infrastructure costs it wasn’t very easy to start up. Today, not only are these costs very reasonable, but there is also a growing acceptance of the idea of starting your own company. Already home to the largest self employed population in the world. There is a genuine buzz around entrepreneurship at the moment, and the optimism is contagious.
Now L-pad has announced that it is accepting applications for Batch – II. L-pad, is a remote incubation program that is aimed at early stage startups. A group of mentors will work closely with the startups for a 6 month period. While L-pad does not fund startups directly, it does offer its support and startups have the benefit of utilizing L-pads business connections and its funding partner GrowVC India.
L-pad Batch – II invites applications from anyone with just an idea to an already functional start up in its early stages. It takes up a 4% equity in any venture it incubates and works as a limiting co-founder. Its aim is to help a startup become self sustainable and cash positive. In a blog post, L-pad highlights that it is on the lookout for Individual or a Team of Go-getters. It isn’t limiting applications to any specific domain as long as it solves a problem. It believes that the strength of an application lies in the founding team and not in the idea itself.
As a startup, you stand to gain the following from L-pad’s incubation program -
- Funding Support
- Hands on support
You don’t need to have a business plan to apply – Just go here.